Vertiv manufactures large-scale electrical switching equipment for cloud-based businesses that controls supply. The business is international.

Its headquarters for operations in Ireland are in County Donegal, but the expansion is taking place in its Campsie site, which is located outside of Derry.

Amazon, Google, and Meta are just a few of the major tech giants that the company serves.

Invest NI is providing support for this new investment.

The business said that the investment will help the highly advanced engineering and manufacturing sector in Northern Ireland.

The reasons it gave for choosing Derry were the workforce's calibre, the business climate's ability to compete on price, and its affiliations to nearby schools and universities.